The answer is B)<span> Older persons nearing retirement and needing to know what their income will most likely be during retirement
Option D, would be wrong since without the means to have a financial planning assistant would not really be able to achieve much aside from probably saving some more money.
However, older people who are nearing retirement are probably at the top of their careers and have a lot of savings in cash, bongs, stocks and maybe even property.
It is these kinds of people who can get maximum benefit from proper financial planning.
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Answer:
The value that should be placed when analyzing the option of using the house as a professional office is $242,880
Explanation:
In calculating cash flow of a project, opportunity cost is very important hence be made part of the cash flow
Incremental cash flow = Appraisal on the house - Real estate fees
=$264,000 - $21,120
= $242,880
Andean Pact, I believe it the correct answer! Hope it helps!
Answer:
1. Going concern
2. Economic entity
3. Monetary unit
4. Periodicitys
Explanation:
1. Since Jumbo's Restaurant is planning to close, the assumption of continuity (going concern) is no more applicable. This should be disclosed. Instead asset was still recorded at historical price which is misleading.
2. Gorloks Tax Services is an economic entity, and the property and assets of owners are not considered to be for the business. In this case the boat Sam bought was wrongly reported as an asset of the company.
3. Claim Jumpers when reporting the 5 trucks purchased must include a monetary value for them. The assumption of monetary unit states that all items reported on the balance sheet must be expressed in monetary terms.
4. Cobbler's Etc violated the assumption of periodicity which states the financial position of the business must be declared in a particular accounting period. Accounting period can monthly, quarterly, biannually, and yearly. The business should choose and accounting period and ensure financial position is reported for each of them. In this case financial reporting is not consistent with reporting happening after 14 months and before that 18 months.
<span>While all professional sport seem to have a rising fan cost index the NFL has the highest with a fan cost index of $473 per fan. Making it more than double the average fan cost of the MLB and about $100 more than the NBA and NHL.</span>
